Sovereign Debt Standstills /
As a response to economic crises triggered by COVID-19, sovereign debt standstill proposals emphasize debt payment suspensions without haircuts on the face value of debt obligations. We quantify the effects of standstills using a standard default model. We find that a one-year standstill generates w...
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| Outros autores: | , |
| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Series: | IMF Working Papers; Working Paper ;
No. 2020/290 |
| Acceso en liña: | Full text available on IMF |